Nifty Prediction : Nifty may look for 17600 or so | Banks for coming week

Daily Forecast – Share Market – December 9th, 2021

Nifty may look for 17600 or so | Banks for coming week

Mars, Mercury with Sun lead the day, well supported by Saturn, Jupiter and Moon. Importantly, Venus has moved with Saturn and Moon to Aquarius sign. Lord of Banks and financial institutions will start giving strength to own sign from tomorrow morning. Indications for the coming period may be better than the previous weeks.

Foreign cues may also be playing their role during the day, which may remain positive for the day. I may prefer to look for further opportunities in banks and financial institutions. Crude may further indicate positive moves, resulting pressure on inflation. USD is gaining power and INR is losing strength and showing weakness.

Liquidity may improve in the market. Resulting further rising of index, but I will prefer to go for stocks of better quality. Indexes may be doing better but stocks will be more reliable.

This is also fact that Nifty may be preparing for 17600 or so.

Movements may be seen in automobile, defence related areas, banks and financial institutions, leaf-based, coffee, FMCG, power, cement, infrastructure, reality, oil exploration, insurance, IT, communication, entertainment, chemical solvent, rubber, carbon black, drug, pharmaceuticals, textiles, leather, paper and many more may remain active. Time to look positively for the coming week.

Nifty may look for 17600 or so. Equity based buying will be better.

Indian Currency

Indian Rupee may trade in between 74.80 to 75.60 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.

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